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I am carrying on a primary production business. Are there any special rules that apply to me in relation to my PAYG instalment?

April 26, 2017Business carrying instalment PAYG primary production relation rules special

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I am carrying on a primary production business. Are there any special rules that apply to me in relation to my PAYG instalment?

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Yes. There are some special rules if you select option 1 (GDP-adjusted notional tax). Recognising that you may have a fluctuating income flow, you will only be required to pay two instalments each year, one for Quarter 3 (January — March) and one for Quarter 4 (April — June).